Are you looking to purchase your next home and seriously considering a condo instead of a single-family home or townhome? If so, you'll want to know the following things about them before you make an offer on that condo for sale.
One of the things that people love about condo living is that there is minimal maintenance required when owning the property. As the owner, you are only responsible for maintaining the condo from the drywall and inward. This means that issues with the roof, windows, plumbing, electrical, and even the central boiler area are not your responsibility.
However, the downside to all of this is that you do not get to schedule maintenance on your terms or get a say in what is done. For example, the building may decide that they want to install all new windows in the building. You may not then get to decide what kind of windows will be installed. You would have a vote at the condo meetings, but ultimately the decision is taken out of your hands.
Maintenance is not exactly free when it comes to a condo. While you won't have to pay for those repairs all at once, there are HOA fees that you pay as part of living in the condo. This money is then collected and used to pay for building maintenance items when it is necessary. This can be great for people that are better at paying an ongoing fee for maintenance, as opposed to having to pay a big bill when a big repair is needed.
There are many amenities that a condo can offer you that are not possible with a single-family home. You may want a condo that has a gym that you can use, which means that you don't have to purchase and maintain the equipment that you use. More high-end condos will have pool access, saunas, and other features that would be difficult to put into your own home.
Many homeowners love the added security that comes with living in a condo. At a bare minimum, a condo building should have a main entry door that is locked, which only allows residents of the building in and out. You also live in close proximity to your neighbors, so many people are more aware of what is happening in the building. Being one unit in a building with many units can make it more difficult to be targeted for crime as well.
For more information about purchasing a condo, visit condos in your area, such as Wynmoor Village.